2020 ACT-IAC Igniting Innovation Transformer
Winner for GrantSolution Recipient Insight
December 2020, Woodstock, Maryland – SoKat’s AI-powered engine that enables GrantSolution’s Recipient Insight to predict audit risk for all federal government grants has won ACT-IAC’s 2020 Igniting Innovation Transformer award. Our AI engine reduces grant review processing times from weeks to mere minutes, resulting in $30 million of estimated cost savings. In addition, this solution is entirely scalable in the cloud and incorporates both internal and external data sources. Currently, Recipient Insight is fully deployed across 750,000 organizations to provide risk management services to reduce fraud, waste and abuse to safeguard Federal investments.